Tag: commercial

Types of Commercial Insurance That Construction Companies Need

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Construction companies operating in Central Ohio need more than general liability and workers’ compensation insurance to operate. While these types of policies are at the core of what is needed, many contractors need specialized policies to operate. Insuran LLC can help you select the appropriate commercial insurance lines for your business.

Commercial Insurance for Construction Companies

In addition to the general liability and workers’ compensation, construction companies should consider several other commercial lines. These include:

  • Commercial property insurance
  • Professional liability insurance
  • Surety bonds
  • Contractor license bonds
  • Builder’s risk insurance
  • Commercial auto insurance
  • Equipment insurance
  • Pollution liability

You can bundle some of these core commercial policies into a business owner’s policy (BOP). A BOP typically contains general liability, commercial property and business interruption protection. You can also include other types of protection, such as cyber insurance, through endorsements. Commercial auto policies, while essential, are usually issued as separate policies.

What is Wrap-Up Coverage?

Wrap-up coverage is similar to a BOP. Construction companies generally purchase it to cover projects worth millions of dollars or a string of smaller projects that add up. You can choose between Owner-Controlled Insurance Programs (OCIPs) and Contractor-Controlled Insurance Programs (CCIPs).

Why Construction Insurance Matters

Commercial policies are a vital safety net to protect those involved in the construction industry, including owners, contractors, tradespeople, developers, engineers and architects, from unexpected events that can occur during a project. Insurance gives you a financial safety net to rebound from losses, achieve longevity in your field, heighten your credibility, and is often required to bid on certain jobs. Selecting the right mix of policies can make a difference in your business’s future.

Let Insuran LLC help you select the right commercial insurance policies for your construction business needs. Contact our Central Ohio office to get started on your customized protection.

Everything to Know About Commercial Auto Insurance as a Rideshare Driver

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If you’re driving for a rideshare company like Uber or Lyft, you’ve likely wondered whether your personal auto insurance is sufficient. The short answer? It’s not. At Insuran LLC, serving Central Ohio, we help drivers understand the importance of commercial auto insurance—and why it’s essential for rideshare drivers.

Why Personal Insurance Isn’t Enough

Most personal auto insurance policies exclude coverage when your vehicle is used for commercial purposes. This means that if you’re in an accident while picking up or dropping off a rider, your claim could be denied. While rideshare companies do provide some coverage, it often comes with gaps, such as high deductibles or limited protections during periods between rides. This is where commercial auto insurance becomes crucial.

What Commercial Auto Insurance Covers

Commercial auto insurance is specifically designed to protect you when your vehicle is used for business purposes—even if that business is giving someone a ride across town. Coverage typically includes:

  • Liability Coverage: Protects you if you’re at fault in an accident and need to cover damages or injuries.
  • Collision Coverage: Pays for repairs to your vehicle after an accident, regardless of fault.
  • Comprehensive Coverage: Covers non-collision events, such as theft, vandalism, or weather-related damage.
  • Uninsured Motorist Protection: Provides coverage if you’re involved in an accident with a driver who doesn’t have insurance.
  • Medical Payments and Legal Fees: Depending on your policy, it may also cover medical expenses and legal costs in the event of a serious incident.

How to Get the Right Policy

Not all commercial auto insurance policies are created equal. It’s important to work with an insurance provider that understands the unique risks associated with rideshare driving. At Insuran LLC, we specialize in helping Central Ohio drivers find policies that fit their needs and budget.

Let’s Protect Your Ride

Being a rideshare driver comes with plenty of responsibilities, but worrying about your insurance shouldn’t be one of them. Contact Insuran LLC, serving Central Ohio, today to learn how commercial auto insurance can keep you, your car, and your passengers protected.